Due to the complexity of construction projects, a great deal of collaboration and strategic planning is required to execute them properly. To have a successful project, you must begin with the end in mind (the bidding and contracting stage) and prepare a thorough budget. In part two, our South FL contractor lawyers will share more ways to have greater project success.
Begin With the End in Mind
Each day that you show up to work must be fueled by a clear vision of the finished project. This starts with the bidding process and the contract itself. Once you win a bid, it is time to walk the walk — basically, fulfill the requirements of the contract. In short, the contract clearly defines the project’s scope of work and binds all parties to the terms therein. Without a clear understanding of the contract from the start, you will set yourself and your team up for failure. At Cotney Construction Law, our South FL contractors lawyers are adamant about the necessity of a thorough contract review. Do not hesitate to contact us for this service.
When it comes to project planning, preparing a thorough budget with accurate estimates increases the likelihood of an efficient design and construction process. Understanding the project owner’s vision is the first step in budget planning. The more specific, the better as this will ensure a more accurate cost estimate. When budgeting, ensure that you are considering elements such as hard, soft, site, and unforeseen costs as well as the following:
- Site preparation
- Blueprint drafting and review
- Contingency allowances
There are other ways to set your construction project up for success, especially from a legal perspective. Be sure to reach out to a South FL contractor lawyer at Cotney Construction Law for legal counsel to secure your project operations.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.